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Trustees of British Airways-sponsored retirement scheme close to pension buy-in deal -Sky News

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By Reuters
Trustees of British Airways-sponsored retirement scheme close to pension buy-in deal -Sky News
FILE PHOTO: Commuters pass a British Airways advert on the tube at Canary Wharf station in London, Britain September 7, 2018. REUTERS/Kevin Coombs   -   Copyright  KEVIN COOMBS(Reuters)
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(Reuters) – Trustees of British Airways-sponsored Airways Pension Scheme are close to a deal with Legal & General <LGEN.L> to insure more than 4 billion pounds ($5.22 billion) of its historic pension liabilities, Sky News reported on Wednesday.

The talks have been ongoing for months and could be concluded within days, Sky said, citing sources close to British Airways.

A spokesperson for the Airways Pension Scheme trustees declined to comment. Legal & General said it had no comment on the report.

($1 = 0.7664 pounds)

(Reporting by Philip George in Bengaluru; Editing by Mark Heinrich)

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